sounds like the anti property lobbyists talking recession and doom and gloom are those that didnt get into property in the last 10 years. Those who did in the early nineties or even in the last 5 yrs are perhaps 300% up on their investments. So factor in a possible pull back of 10% - 20% , as there are no inflationary figures to suggest one now, those who smartly invested will still be up over 250%. It is smart to hold property for the long term and look at 10 year or 20 yr cycles. Those of us who can look at 30 - 40 year cycles are up 500% approx. A block of land in Caulfied, Melbourne which was bought in the seventies for $20K, is not worth around $900K, rent coming in would have paid that off in around 10 yrs, so not a bad investment Commercial property has yielded better perhaps but most here I assume cannot afford commercial which can yield 6% - 10% and in the nineties was yielding an average of over 10%. anyone buying commercial now on a yield of 2% - 3% is possibly looking for a huge capital gain, but IMO that oculd be a serious mistake
